Corners and other strategies

Anyone have any good history for me to read? I like to read about financial engineering, so market corners and other strategies are good topics. Recent examples include Porsche trying to takeover Volkswagen, old examples include Gould and Fisk trying to corner the gold market. Anyone know any others that maybe I'm missing?

 
Best Response

@CMoore0520" I don't know of any books but in terms of "cornering the market" some good examples include the 1970s Hunt brothers attempt to corner the silver market, (my personal favorite) Sumitomo's top copper trader attempting to corner the copper market in the 1990s, and Amaranth Advisors loosing $6.5 billion on natural gas futures.

Commodities seem to be the asset class that gets cornered the most as well as currency. Look into these categories and you're bound to find a good book or two. Barbarians at the Gate about KKR's takeover of RJR Nabisco is another good read.

 

There's a book that has a collection of 10-12 stories about businesses or markets in general called Business Adventures by John Brooks. It includes a good story about the founder of Piggly Wiggly stores trying to corner the market on his company's stock in the 1920's. It's a pretty entertaining read.

The book also has a good story about the Edsel model flop by Ford and an interesting story about Xerox. Most of the other stories were just okay. The author leaned left politically and that was very apparent at different points in other stories. Just an FYI in case that matters to you.

 

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